Local No. 8 IBEW Retirement Plan v. Vertex Pharmaceuticals Inc.
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM AND ORDER ON DEFENDANTS’ MOTION TO DISMISS . (
SAYLOR, District Judge
This is a putative class action involving alleged violations ■ of the Securities Exchange Act of 1934 and Rule 10b-5. Local No. 8 IBEW Retirement Plan has brought suit, on behalf of a class of similarly situated -persons,- against Vertex Pharmaceuticals Inc. and various Vertex executives. Plaintiff contends that class members were harmed when they purchased Vertex’s common stock at prices that were artifi-*125dally inflated by the company’s false and misleading statements about its products. Plaintiff also contends…
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